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2:35 AM ET, January 11, 2024

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 Top News: 
The Verge:
Twitch CEO Dan Clancy confirms plans to cut 500+ jobs, or ~35% of its staff, and says its workforce was oversized for its business' size, after March 2023 cuts  —  Twitch is laying off more than 500 employees, Twitch CEO Dan Clancy announced this morning, reportedly accounting for around 35 percent of its staff.
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Alex Weprin / The Hollywood Reporter:
Memo: Amazon Studios SVP Mike Hopkins says the company would cut “several hundred roles” in its Prime Video and MGM Studios units; both had cuts in early 2023  —  Mike Hopkins announced the cuts Wednesday.  —  Amazon is cutting hundreds of jobs in its Prime Video and MGM Studios division.
Deadline:
Memo: Amazon Studios Head Jennifer Salke says recent layoffs were part of its plan to consolidate the Amazon Studios and MGM theatrical distribution teams  —  EXCLUSIVE: Earlier this morning, Amazon revealed that it was laying off several hundred employees across Prime Video and Amazon Studios as part of a review of its business.
Discussion: The Wrap
Los Angeles Times:
California public radio station KCRW cuts about 16 jobs by offering buyouts and ends its Greater LA podcast, in a bid to reduce a projected $3M budget deficit  —  Santa Monica public radio station KCRW will part ways with more than a dozen staffers and end the popular podcast “Greater LA.”
Wall Street Journal:
Sources: Skydance backers are discussing an all-cash bid for National Amusements; if successful, they would pursue a second deal to merge Paramount and Skydance  —  CEO Ellison, his father, Larry, and other investors are in talks to buy Redstone's stake in National Amusements, Paramount's parent
Maria Sherman / Associated Press:
Luminate's 2023 report: the global music industry passed 4T streams in 2023, a new record and up 34% YoY; Taylor Swift accounted for one in every 78 US streams  —  Listened to more music last year?  You're not alone.  —  The global music industry surpassed 4 trillion streams in 2023 …
Lynette Rice / Deadline:
Sources: Hallmark Media lays off CMO Lara Richardson, Chief People Officer Pamela Wolfe, EVP Research Strategy Robin Thomas, and Head of Distribution Judi Lopez  —  Senior TV Writer/TV Editor, Awards  —  EXCLUSIVE: It's Hallmark Media's turn now: Deadline has learned that the premier home …
Todd Spangler / Variety:
Netflix President of Advertising Amy Reinhard says its ad tier has 23M+ MAUs globally, and 85% of customers on the ad tier are streaming for 2+ hours per day  —  Netflix is seeing strong growth of its advertising-based plan, having recently eclipsed 23 million global monthly active users, president of advertising Amy Reinhard said.
Kevin Draper / New York Times:
ESPN deciding not to punish Pat McAfee for publicly calling an executive a “rat” highlights a power shift as the network transitions from cable to streaming  —  For decades, the biggest star at ESPN was ESPN.  That's changing as it transitions from cable dominance to a much less certain streaming future.
Andre Gee / Rolling Stone:
Mixtape platform DatPiff uploads its 50TB cache of 366,420 mixtapes and free albums to the Internet Archive, after experiencing a server crash in March 2023  —  DatPiff uploaded its extensive free mixtape catalog to the Internet Archive to protect it for the foreseeable future
more at Techmeme »
Bloomberg:
Sources: OpenAI is in talks with CNN and Fox Corp. to license their text, video, and image content; Time “is in discussions with OpenAI” about a content deal  —  - Startup has said it's in discussions with dozens of publishers  — Negotiations come as OpenAI faces New York Times lawsuit
Michael M. Grynbaum / New York Times:
Donald Trump will appear in his first live Fox News interview in nearly two years later today; sources say Trump thinks Fox erred in settling with Dominion  —  A town hall in Iowa on Wednesday is the network's first live interview with the former president in nearly two years, the latest twist in a long-running drama.
Press Gazette:
The Reuters Institute survey of news leaders: 48% say money from AI deals will be very little for any publisher, most will put more effort into WhatsApp, more  —  The Reuters Institute survey touched on AI pessimism, news avoidance and paywall success.  —  Less than half of news leaders feel confident …
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 More News: 
Bloomberg:
Sources: WPP is considering options to exit its 40% stake in market-research business Kantar; WPP sold 60% of Kantar to buyout firm Bain Capital in 2019
The Guardian:
An armed gang stormed Ecuador's TC Televisión during a live broadcast, after Ecuador's president declared a state of emergency; all the gunmen were arrested
 Earlier Picks: 
Anton Wilen / Bloomberg:
Swedish streaming service Viaplay avoids bankruptcy after getting approval to recapitalize, as part of which Canal+ and Czech PE firm PPF will get a 58.6% stake
Thomas Germain / Gizmodo:
X suspended several podcasters and journalists, including The Intercept's Ken Klippenstein and Texas Observer's Steven Monacelli, with little to no explanation
 

 
From Techmeme:

Lee-Anne Mulholland / The Keyword:
Google files its proposed remedies in the DOJ's search antitrust lawsuit, including letting browser companies have multiple default agreements across platforms

Wall Street Journal:
Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

Timothy B. Lee / Ars Technica:
Exploring the scaling challenges of transformer-based LLMs in efficiently processing large amounts of text, as well as potential solutions, such as RAG systems
 
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